US EditionPledge to Protect Oceans Falling Billions Short: Report
- The UN Ocean Conference will start on June 9, 2025, in Nice, France, with about 50 heads of state expected to attend until June 13.
- This summit takes place as nearly 200 nations committed in 2022 to safeguarding nearly one-third of global marine areas by 2030, although currently only 8.4 percent of these waters have protected status.
- A report by WWF and other groups revealed that only $1.2 billion is spent yearly on marine conservation, less than 10 percent of the $15.8 billion needed to meet the '30x30' goal.
- Jonathan Kelsey of the Bloomberg Ocean Fund called the funding gap 'alarming' and urged governments to take concrete action, emphasizing the need to increase financing that truly delivers on ocean promises.
- Without closing the funding gap, ocean ecosystems face growing threats, while the conference offers a critical chance for governments to commit real protection beyond paper promises.
40 Articles
40 Articles
On an annual basis, only €1.05 billion is currently being dedicated to ocean protection, while €13.9 billion is required to be invested.
The report reveals that up to now, of $15.8 billion per year required to protect 30% of the oceans by 2030, only 1.2 billion were invested, i.e. less than 10% of the total necessary.
The ocean economy, a fundamental pillar of world trade, faces a number of challenges due to environmental crises and geopolitical tensions, and the United Nations Conference on Trade and Development (UNCTAD) called for urgent action to sustain ocean-driven prosperity. UNCTAD’s latest Global Trade Update, according to UNCTAD’s latest Global Trade Update, key sectors such as maritime transport, tourism, fisheries and marine energy accounted for 7 …
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